root

whitelisted_caller

referendum_canceller

referendum_killer

general_admin

treasurer

spender

tipper

omnipool_admin

- The protocol has about 51 BTC worth $5,000,000 in different pools and the treasury.
- A proposal suggests diversifying the BTC into:
  - $1,000,000 tBTC in Omnipool
  - $1,000,000 WBTC in Omnipool
  - $1,000,000 iBTC in Omnipool
  - $500,000 WBTC in Supply & Borrow
  - $500,000 tBTC in Supply & Borrow
- $1,000,000 of BTC will be left to invest in other assets like BNB, LDO, LINK, and SKY.
- The changes will happen after improvements to OpenGov are made.

Opening more Omnipool markets & diversifying BTC

- Hydration plans to mint remaining "Growth" tokens.
- Minting now would simplify future governance for distribution.
- Full minting creates a perception of stability and transparency.
- Circulating supply would increase from 4.5B to 6.5B tokens.
- This move avoids future surprises for the community and investors.
- It supports the protocol's image and long-term health.
- The goal is to set a standard for transparency and stability.

Minting outstanding Growth allocation to fully dillute token supply on paper. 

**Summary:**

- Hydration DAO stopped farming rewards for WBTC/iBTC 2-Pool after Referendum #197.
- Hydration holds 17 WBTC in the Money Market and 34 BTC 2-Pool shares in the Omnipool.
- The proposal suggests diversifying into tBTC or cbBTC, with a preference for tBTC due to its decentralized design.
- Steps include withdrawing WBTC and BTC 2-Pool shares, adding WBTC and iBTC to the Omnipool, and diversifying into tBTC.
- tBTC is part of the Threshold Network with a $479M total supply.
- cbBTC is a Coinbase product with a $2.1B total supply.

Diversify WBTC/ iBTC holdings to alternative BTC products

**Hydration Content Creator and Community Manager Report**

- **Role:** Hydration content creator and community manager in Russian-speaking Telegram chats.
- **Period:** March 5, 2024 - September 3, 2024 (4 months).
- **Duties:**
  - Translated Hydration blog articles and newsletters.
  - Published memes and answered questions on X and Telegram.
  - Solved UX issues and translated official announcements.
  - Encouraged community participation in governance.
  - Managed FUD and false allegations.
  - Created educational content and promoted it on X and Telegram.
- **Video Production:**
  - Produced an introduction video and prepared designs for future videos.
  - Upcoming videos include guides on HDX token utility, DCA, liquidity mining, and buying HDX.
- **Time Commitment:**
  - 10 hours per week on community moderation and content creation.
  - Total hours: 96 hours over 4 months.
- **Compensation:**
  - Requested 370,441 HDX for community management, content creation, and translation.

[Tip request] JOHNM Community Manager + Content creation May-August

- A proposal wants to move `54,947` vDOT and `14,552,079` HDX to Polkadot Hydration farms.  
- This will help the farms run for 1 more month.  
- The goal is to give time for changes in liquidity, including new stablepools.  
- The funds come from earlier approved plans and won’t cost extra.  
- Links to past phases (1, 2, 3a) are provided for more details.  
- This will reduce the amount given in phase 4.

Deciding

1 month Top-up for Polkadot Hydration farms

Preparing

- The proposal updates the asset registry for several cryptocurrencies like tBTC, USDC, USDT, and KSM.
- It removes "Polkadot Asset Hub" from USDC and USDT to avoid confusion.
- Adds new versions of USDC and USDT from Moonbeam wormhole and Snowbridge.
- Makes tBTC, USDC, USDT, and KSM usable for paying fees.
- Changes names to clearly show which assets are native to Polkadot and which are bridged from other systems.

Executed

Update asset registry for multiple assets

- Dwellir helps the Hydration community with a public RPC service.
- They handle about 7.2 million requests every day.
- They are asking for $2,595 to cover costs for October, November, and December 2024.
- They improved the service by balancing it between Europe and Southeast Asia.
- The new service URL is hydration-rpc.n.dwellir.com.
- The HDX price used is based on the average over the last 7 days.

Hydration

referenda4

treasury1

discussions4